Moncton, N.B.-based Assumption Life is offering some new additions to FlexTerm, a product already popular with brokers and their clients.<\/p>\n
FlexTerm enhancements include: new rates; increased issue age, simplified banding maximum adjusted to $249,999; the addition of 10-, 30 and 35-year terms to the existing 15-, 20- and 25-year terms; a new term exchange option; a new joint first-to-die option; and a child insurance benefit rider.<\/p>\n
“The new options were inspired by professionals who work in the field and know better than anyone what clients need \u2014 our brokers and general agents. We have taken their comments and suggestions into consideration and are confident that they will find in FlexTerm a comprehensive and highly beneficial product for their clients,” says Andr\u00e9 Vincent, president and CEO of Assumption Life.<\/p>\n
The $250,000 simplified issue coverage threshold for FlexTerm, FlexOptions and ParPlus has been adjusted from $250,000 to $249,999. This means that insurance requests for $249,999 or less will go through Assumptions’ simplified issue process, while those for $250,000 or more will now be fully underwritten, translating into better rates for clients.<\/p>\n
This change also means that it will be easier to compare these products, in third-party quoting tools, with those of Assumption Life’s competitors for a similar coverage amount.<\/p>\n
To mark the arrival of the new and improved FlexTerm, Assumption Life is offering a new promotion. For the first two months, brokers will receive a special bonus added on the first-year commission for all FlexTerm policies placed.<\/p>\n","protected":false},"excerpt":{"rendered":"
Assumption Life adds enhancements<\/p>\n","protected":false},"author":38954,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2315],"tags":[2774],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/302189"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/38954"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=302189"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/302189\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=302189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=302189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=302189"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=302189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}